On June 1st, Bitcoin surged just under $1,000 in mere hours, rallying from $9,500 to a high of $10,400. It was a move that made analysts immediately flip bullish on the flagship cryptocurrency. Chief executive of Real Vision Raoul Pal shared the below chart in the wake of the move with the following comment: “Here it…
DetailsEthereum is still down by over 80% from its all-time high, but that hasn’t stopped cryptocurrency users from increasingly adopting the asset. Rafael Schultze-Kraft (@n3ocortex on Twitter), the chief technical officer of blockchain analytics firm Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with more than one…
DetailsEthereum has been caught within a bout of sideways trading throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$240 region. The crypto did witness some immense volatility earlier this week that caused it to plummet to lows of $230 before posting a strong rebound that…
DetailsSince the $8,600 lows seen at the start of the week, Bitcoin has mounted a strong comeback, recovering to ~$9,800. A growing number of analysts, however, have said that the recovery is just noise in an otherwise bearish trend. They cite fractals and textbook patterns suggesting that it is only a matter of time before…
DetailsBitcoin price has once again found itself trading just below its most important resistance: $10,000. If the first-ever cryptocurrency can break that level, according to an eerily similar fractal from dot com-era Amazon stock charts, a retest of the asset’s all-time high would immediately happen next, followed by a steady uptrend that lasts for decades…
DetailsAnother week, another round of Crypto Tidbits. The past seven days have been volatile days for Bitcoin and other cryptocurrencies. The cryptocurrency on June 1st rallied past $10,000 for the first time in many weeks, reaching as high as $10,400. It was an explosive move that had many expecting more upside. One Wall Street analyst…
DetailsIt’s no secret that XRP has been one of the worst performing cryptocurrencies throughout the past couple of years, woefully underperforming both Bitcoin and its USD trading pair. This underperformance may soon extend even further, as analysts are noting that the crypto is on the cusp of seeing another breakdown as it hovers just above…
DetailsSince plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th. The more than 10% bounce has convinced many traders of the bull case, hence why funding on futures exchanges remains positive, showing longs are more aggressive than shorts.…
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Bitcoin’s rally over the past month has been impressive. But even more so is that of Ethereum. The second-largest cryptocurrency is up more than 13% in the past 30 days, according to data from Coin360.com. Over that same time frame, Bitcoin dipped by 4%, while some altcoins like XRP and BSV plunged by nearly 10%.…
DetailsAlthough Ethereum has embarked on an impressive 170% rally since March’s lows, the cryptocurrency remains more than 80% below its all-time high of $1,430. With such a strong retracement from its all-time highs, there have been some skeptics questioning if ETH will ever hit a new all-time high. Fundamentals signs, though, are showing that ETH…
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